BULLS NEED TO DEFEND EURNZD 1.5000

Looking at EURNZD it is very possible we get a breakdown here. The bulls are going to try and defend 1.5000 with their lives. If we get a convincing break and close below then there is a huge open space that could let price fall to 1.3980.

This looks to have a nice risk to reward ratio so I will be keeping a close eye on this one!